(226) 545-1239
Connect
Forgot password Extend Verify Contact

116 280 Lester Street
417 - Beechwood/University Waterloo N2L 3W5

$719,999
Commercial Sale

View of property entrance
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
40734577
Commercial Condo in great location close to the University of Waterloo. This unit is currently tenanted with a lease (5 years) in place until November 2028, and rent escalates annually from $4,350.50/month now to $5,791.25/month in the final year. Net annual income averages ~$41,930 over the next four years, resulting in a strong ~5.82% cap rate. There is a 5 year renewal option in the lease. Given the location, secure cash flow, and minimal upkeep, this property would appeal greatly to passive investors. Why Invest on it? Long-term, escalating lease in place Low operational burden Strong rental growth outlook Located in high-demand core Perfect for hands-off investors seeking passive income and asset appreciation
Property Type:
Commercial Sale
Property SubType:
Mixed, Building and Land
Listing General Location:
417 - Beechwood/University, 4 - Waterloo West
Bedrooms:
0
Bathrooms:
- (Full:-/Half:-)
Kitchens:
0
County Or Parish:
Waterloo
Taxes:
Features:
Crops Included: No, Garage: No, Common Elements Fee: Yes, New Construction: No
Construction:
Concrete
Basement:
None
Number of Storeys:
1
Total Floor Area:
558 sq. ft.
Retail Area:
558 sq. ft.
Fireplace:
false
Water Supply:
Municipal
Sewer:
Sewer (Municipal)
false
No
University Ave to Lester
No
Association Fee:
Association Fee Frequency:
Association Fee 2:
Association Fee 2 Frequency:
Administrative Fee:
Features:
Crops Included: No, Garage: No, Common Elements Fee: Yes, New Construction: No
Road Access Fee:
Zoning:
NMU-8
Lot Site Features:
Business Centre
Features:
Crops Included: No, Garage: No, Common Elements Fee: Yes, New Construction: No
Garage Description:
2
# Commercial Doors:
0
Num Apartment Units:
0
Num Bachelor Units:
0
Num Efficiency Units:
0
Num Loft Units:
0
Num Other Units:
0
Num Penthouse Units:
0
Num Studio Units:
0
Total Units:
Listed Date:
May 29, 2025
  • Photo 1: 116 280 Lester Street in Waterloo: 417 - Beechwood/University Mixed for sale (4 - Waterloo West) : MLS®# 40734577
    View of property entrance
Larger map options:
Larger map Satellite map Street View Walkscore
Listed by Royal LePage Wolle Realty
Data was last updated June 1, 2025 at 07:50 AM (UTC)
Area Statistics
Listings on market:
13
Avg list price:
$715,000
Min list price:
$410,000
Max list price:
$8,490,000
Avg days on market:
45
Min days on market:
3
Max days on market:
135
Avg price per sq.ft.:
$743.92
These statistics are generated based on the current listing's property type and located in 4 - Waterloo West. Average values are derived using median calculations.
Get market change alerts
The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) program of the London and St. Thomas Association of REALTORS®. The information herein is believed to be accurate and timely, but no warranty as such is expressed or implied.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.